S&P forecast for Ukraine: Economy to grow by 1% amid 14% inflation by end of 2016
12.12.2016 - 13:10
Standard & Poors Global ratings forecasts that Ukraine's economy may grow by 1% by the end of the current year amid 14% inflation and the average annual forex rate set at UAH 25.6 per U.S. dollar. Standard & Poors Global ratings forecasts that Ukraine's economy may grow by 1% by the end of the current year amid 14% inflation and the average annual forex rate set at UAH 25.6 per U.S. dollar.
The rating agency projects that Ukraine's macroeconomic situation will improve, and its economic growth will be between 2.3-2.9% by 2019 while inflation will drop to 9.5-7% by 2019. The forex rate is expected to be UAH 27.2 per U.S. dollar.